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Business News

Location American Business News for 13 October 2023
Decoding The Inflation Signals: How To Read (And Correct) The Latest CPI Figure The CPI is a false signal. Adjusting it by comparison with other, superior measures, shows that it overstates inflation by 1-2%. We've already reached the Fed's 2% target
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Time to Dump Ethereum (ETH) and Buy Bitcoin (BTC)? 3 Reasons Why That Might Be a Good Idea It's been an ugly month so far for Ether (ETH), the cryptocurrency that powers the Ethereum network, that remains the dominant blockchain used to power most sectors within web3, including DeFi, NFTs, GameFi, GambleFi and...
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A little-known Georgia congressman is now running against Jim Jordan to be speaker of the House One House Democrat told Insider that they'd "never" heard of Rep. Austin Scott, who's served in Congress for 12 years.
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Oil prices climbed on Friday as investors fear Israel could be ready to launch a ground invasion into Gaza.
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Fast Retailing shares rose sharply after the owner of apparel retailer Uniqlo posted a record annual net profit thanks to stronger global sales and projected further earnings growth ahead.
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Coinbase Executive Urges Congress to Pass 'Sensible' Crypto Legislation Swiftly as Middle East Conflict Escalates Coinbase’s chief legal officer has called on U.S. Congress to pass sensible crypto legislation following reports that Hamas has amassed millions in cryptocurrency amid the escalating Middle East conflict. "We need this...
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Ex-IRS Contractor Pleads Guilty To Leaking Trump's Tax Records The guilty plea comes about two weeks after the former IRS contractor was charged with leaking the tax information of Trump and the wealthiest Americans.
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TikTokers are hacking Starbucks' app to get cheap drinks

Business Insider - 13 Oct 2023 21:52
TikTokers are hacking Starbucks' app to get cheap drinks TikTokers reveal Starbucks app hacks to get premium drinks like lattes at cheaper prices
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Jafar Farah, an activist who advocates for Israel's Palestinian citizens, told Insider: "We are not the enemy."
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Is It Too Late to Buy THORChain? RUNE Price Spikes Up 12% as Telegram Crypto Casino Project Approaches $1 Million - How to Buy Early? Following a dramatic trading pause on ThorSwap, native token Thorchain ($RUNE) has exploded +12%, this comes amid heightened efforts across the crypto industry to tighten security around illicit funds following the break...
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JPMorgan's Dimon Warns Of 'Most Dangerous Time' In Decades Amid Huge Bank Earnings JPMorgan, Citigroup and Wells Fargo all reported better than expected third quarters on Friday.
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How Visa and Mastercard are fighting friendly fraud

American Banker - 13 Oct 2023 15:46
How Visa and Mastercard are fighting friendly fraud As false credit-card disputes spike, the networks have updated policies to provide merchants and issuers with more data to combat false chargebacks.
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Rich People Flock To Europe, Especially On Delta Rich people are traveling abroad, especially to Europe. "We're really excited about the lengthening of the European travel season," says Delta President Glen Hauenstein.
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The Latest Findings on What to Eat and What Not to Eat

The New Yorker - 13 Oct 2023 12:00
Eat fat. Lots and lots of fat. Don't eat fat. It's killing your liver, and God only knows how your arteries are faring.
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Mukesh Ambani's Jio Financial Services, Nithin Kamath's Zerodha may disrupt India's fund distribution, says Edelweiss Mukesh Ambani's Jio Financial Services announced a JV with BlackRock to set up an Indian asset management venture
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ChatGPT is landing kids in the principal's office, survey finds While educators worry that students are using generative AI to cheat, a new report finds that students are turning to the tool more for personal problems. Ever since ChatGPT burst onto the scene last year, a heated debat...
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The cult of Obsidian: Why people are obsessed with the note-taking app The indie darling rejects everything you know about modern software. And its strategy is working. A few years ago, Nick Milo was using a folder full of plain text files for notes when he found out about Obsidian. Read Fu...
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Who is Sam Wrench, director of Taylor Swift's Eras tour movie? Wrench’s previous work—for Blur, Billie Eilish, and McDonald’s—offers clues for how he’ll approach ‘Taylor Swift: The Eras Tour’ When Taylor Swift announced back in August that her already blockbuster Eras ...
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China's Teetering Local Debt Mountain, in Six Charts

Wall Street Journal - 13 Oct 2023 05:00
After a decade of kicking the can down the road, the problem has become impossible to ignore. Beijing might soon have no choice but to bail out cities and provinces.
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As California appears prepared to sue to block Kroger Co.'s $24.6 billion acquisition of Albertsons Cos., Kroger fired back Thursday that there's a big reason not to block the deal, claiming it would be better for union ...
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A 21-year-old won $40,000 for using AI to read the first word on a 2,000-year-old papyrus scroll buried by Mount Vesuvius A 21-year-old undergrad won $40,000 as part of the Vesuvius Challenge by reading the first word in the Herculaneum scrolls using machine learning.
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Amazon.com Inc. on Thursday said that this week's two-day Prime Day event "outpaced" the one the online retailer held last year.
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